vonage

The newly-public company's net loss grew to $74.1 million for the second quarter, compared to $63.6 million from a year earlier.

Things just go from bad to worse for Vonage. On top of a tanked initial public offering (IPO) and a class action shareholder lawsuit, Verizon has filed a patent infringement lawsuit against the voice-over-internet protocol (VoIP) company in a Virginia federal court.

The plummet of VoIP service Vonage's IPO has drawn a class action lawsuit from Atlanta-based law firm Motley Rice. It alleges the company and its underwriters violated federal securities laws by publishing a "false and misleading" prospectus.

Not since Lumera Corp's IPO in July 2004 has a company IPO fallen as much as Vonage did in its first day of trading on Wall Street.

About a week ago, I cancelled Vonage. I like the features but hated the service. I constantly had calls dropped, sometimes randomly heard other conversations, and generally had at least 2-3 issues with it per week.

Can you guess VoIP company Vonage's latest selling point? Nope. Try again. Sorry, no. It's cheaper phone sex. Seriously. No, really, it is.

The newly merged Sprint Nextel has filed suit against Vonage, accusing it of infringing on seven patents.

A study by Keynote gives those two firms top marks in reliability and audio clarity, respectively.